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The following are the records from the national statistical office for 2011 Total consumption expenditure = 200 Inventories in the beginning of 2011 = 30
The following are the records from the national statistical office for 2011
- Total consumption expenditure = 200
- Inventories in the beginning of 2011 = 30
- Inventories on the last day of 2011 = 35
- Labour compensation (wages and salaries) = 401
- New residential housing = 125
- Taxes = 150
- Net investment = 210
- Depreciation = 45
- Imports = 322
- Government expenditures = 412
- Government transfer payments = 204
- Net exports = 60
Calculate the 2011 GDP.
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